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>> food staps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the covery snaps back into place. but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems lke a good policy to me. >> i agree with that, but there's a lot of pride fraud in the program and that is indisputable. and the people on both sides have their own opinions. let me finish. you will from both sides want to help the poor out. everyone wants to help the poor out. help them, give them a job. the problem is there is abuse of the system that is being underreported and understated by the democrats who are basically saying that it's nonexistent. i totally disagree with that. >> the studies say that the fraud rate is very low. >> it is misrepoported. >> it's not just for families. >> yes, it is. th
>> food staps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the covery snaps back into place. but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems lke a good policy...
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Dec 5, 2013
12/13
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much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that is a reflection of the population at large but down 11% since just this spring. and john earlier the president did some work to shore up the forecast, the so-called -- shore up the rveght affordable care a% of millennials disapprove of the affordable care act. have no plans to sign up. that's disappointing news. >> the numbers behind inequality could be surprising for many. jonathan betz has a closer look at what the president says is an economic inequality gap. >> simply put the poor are getting poorer and the rich are getting richer. first off, what does this mean? the median income for an american househo
much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that...
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Dec 10, 2013
12/13
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CNNW
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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george was one who pulled it was two hundred a deficit with flora what it was when bush rocks zero it went from zero zero under all the way up to one hundred zero under bill clinton yes i can dream that went from zero followed way up to four hundred what did it go to under the bush and obama administration all the way to one point three trillion and by and they're sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed why billion dollars of the republicans not only are doing it but bragging about doing it that they are trying to destroy this president so i don't recall democrats and probably way that's because you have selective memory is like you know what i haven't heard from chris here so you know what that. i don't know how often your viewers or you actually listen to conservative talk radio or conservative t.v. but we have been very clear that we are opposed to his ideas and not him as an individual but that we oppose things like government takeover of one sixth of our economy we are opposed to a president
george was one who pulled it was two hundred a deficit with flora what it was when bush rocks zero it went from zero zero under all the way up to one hundred zero under bill clinton yes i can dream that went from zero followed way up to four hundred what did it go to under the bush and obama administration all the way to one point three trillion and by and they're sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed why...
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Dec 6, 2013
12/13
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we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances continue. the report also sets out the economic impact of a failure to act. it agrees with cbo and other economists. allowing the federal ui program to expire will cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be coldhearted. that is not the better nation -- the better nature of our nation. i trust of
we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice...
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revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be with you so always so what's your what's the republican alternative to social security well there's a word for what you're describing with retirement age at age fifty five it's called france it's called italy it's called germany and these models are failing if anything the retirement age should be seventy five years which you surely has this once is arguably the strongest economy on earth average industrial wage in germany's fifty four dollars an hour i guess if you're white you think why are people with all of the wealth in this country why would anyone else has half the poverty rate we do get half th
revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be...
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Dec 9, 2013
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. >> there is a difference between short-term deficits and long-term deficits. the short-term deficits were largely inherited by barack obama and we need to recognize that some level are understandable and and to make it very clear to try to get the economy growing and to try to bring unemployment down. and then he pivoted this structural deficit and that is what threatens that. >> it is not the debt that's on the balance sheet, but it's what off the balance sheet and he talked about three things. he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years, you know, three years are better than one and especially since spending has increased 20% or more over the last two years. >> there are lots of holes in that and they have to put a truck through it and it does provide some constraints that would be there. and thirdly he came out for a fiscal commission and this includes other spending restraints and tax reform that will terminate or revenues and i think it's important that we do it this year and to act bef
. >> there is a difference between short-term deficits and long-term deficits. the short-term deficits were largely inherited by barack obama and we need to recognize that some level are understandable and and to make it very clear to try to get the economy growing and to try to bring unemployment down. and then he pivoted this structural deficit and that is what threatens that. >> it is not the debt that's on the balance sheet, but it's what off the balance sheet and he talked...
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Dec 9, 2013
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the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. caller: reducing some of the so sex expenses of means testing -- of the social security's of means testing. 50,000, and increasing the social security age by one year. thank you. guest: i think that sounds like a pretty good plan. i would vote for it. i think the long-term problems of social security have to be addressed by some combination of reduced benefits and that does not mean reduced absolute benefits, and new revenue. i think the combination you probably is where thin
the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is...
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Dec 3, 2013
12/13
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we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges and -- where has that money gone. >> look around you and see in every community. we have had a dramatic reduction in the amount of money that has been available over the course of the last ten years. as i say, you haven't raised the gas tax in 20 years. >> but we have more gas revenue coming in because more people are driving and just demand -- >> that's not the case. >> is there a way to assure this in a lock box so it's intend for just that purpose? we do have a lot of other means by which we raise money to help our infrastructure, and our infrastructure still sucks. >> first of all, if you
we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges...
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Dec 8, 2013
12/13
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when you look at the deficit we have had, when you look at sequestration, it is obvious that we will be building smaller budgets. you do not see that reflected frequently in congress. we are still arguing to make sure we do not cut these things. when the pentagon says they're decommission it, people say you cannot do that. the battle over the size of the national guard. congress has got to wake up and understand the budgets are getting smaller. intelligentome decisions and scissor trying to defend every little piece of the budget. i think the pentagon tried to take a holistic approach. i hope they start to be more cooperative. we can make sure that we have the training equipment necessary for the military. >> this budget that will be dropping is probably going to be the first one we have seen that will confirm with the caps we have seen in the budget control act. smith were the secretary of defense, where would the cuts most heavily fall? we were talking about compensation and benefits. this will not go until may or june. this probably will not reform the alteration bills. make of re
when you look at the deficit we have had, when you look at sequestration, it is obvious that we will be building smaller budgets. you do not see that reflected frequently in congress. we are still arguing to make sure we do not cut these things. when the pentagon says they're decommission it, people say you cannot do that. the battle over the size of the national guard. congress has got to wake up and understand the budgets are getting smaller. intelligentome decisions and scissor trying to...
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Dec 10, 2013
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trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion authority. the cynical renaming of fast track. reciprocal the trade authority act. and that is a mechanism president roosevelt had that only pertained to tariffs. yes, it is true from 1934, the reciprocal tariff act had tariff proclamation authority, t.p.a., totally different thing than the t.p.a. that equals fast track. truth, a handful of presidents since nixon has had fast track. and now for the politics. the question is, will this house of representatives give president obama this extraordinary authority to push through the tr
trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion...
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Dec 5, 2013
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...
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Dec 5, 2013
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we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats -- no way tobelieve is government, deep across-the- board cuts. those cuts do things like, 56,000 children were cut off of head start last year because of the sequester. on the military side, our in our troops dropped to some of the lowest levels we have seen during the summer and early fall period. is what happens when you do these across-the-board cuts. >> hal -- are you optimistic about a budget deal? >> i am. i worked with people who are optimistic. that is a phrase that has sometimes been used to describe bill gates. i am optimistic. i am optimistic that we can get there. i am cautiously optimistic because having been in the washington, d.c. for six months now, i have seen thin
we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats -- no way tobelieve is government, deep across-the- board cuts. those cuts do things...
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Dec 5, 2013
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we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a freeze on business rates, but essentially it's going to away fiscally neutral budget with a tone saying tax cuts, they may kot come in the future, but not until we've secured recovery. we will have, however, gdp revisions up towards. the uk economy is booming. some experts are saying that the uk could be the most successful economy within the fw7 nations by the end of the year. with us here to discuss that further is steve radially, director of policy at trade manufacturing body eef. steve, finally, do we have a balanced recovery in the uk? we had positive manufacturin
we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a...
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Dec 3, 2013
12/13
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there was a $330 million cumulated deficit over time, we had an $18 billion overhang. and so we were never able to go out and increase revenue. so the only way we stayed alive quite frankly is through cuts. and we cut everything that we could, but unless there is more investment coming into the city, and a new stream of revenue, there was no way to -- i guess to fix the problem, so now with bankruptcy eminent, i think our debt off of our balance sheet would be less than it is today, and that is going to be a positive on a going forward basis. >>> the mayor of detroit responding to a federal judge's ruling that detroit can proceed with its bankruptcy filing. bisi onile-ere is live from detroit. what is the reaction there. >> as you can see me there is a group gathered. and you have been very outspoken through this whole or deal. were you disappointed by the judge's decision? >> we were very disappointed. he basically found that terminating the pensions is legal. >> reporter: a lot of people are worried right now because of the ruling that came down. >> we're continuing
there was a $330 million cumulated deficit over time, we had an $18 billion overhang. and so we were never able to go out and increase revenue. so the only way we stayed alive quite frankly is through cuts. and we cut everything that we could, but unless there is more investment coming into the city, and a new stream of revenue, there was no way to -- i guess to fix the problem, so now with bankruptcy eminent, i think our debt off of our balance sheet would be less than it is today, and that is...
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Dec 9, 2013
12/13
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LINKTV
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have been runng maj deficits with japan foyears. good news in terms of getting cheaper goods, bad news in terms of a downward pressure on employment. still, in total, the gains from comparative advantage tend to be so larg that economis, unlike phaps ao workers orexti, are willing to wai r the long-term adjustments to work out. ofourse, if the other country is comting unfaiy, then that is another matter. on the football field, america liin politics,n, before the law, and in business. an even match on a level field seems to be the best way to decide the best team, the best candidate, or the best buy. but what happens when a foreign company, a company beyond the reach of american law, doesn't play fair? what happens when free trade isn't fair trade? the american steel industry. modern america -- its buildings, its bridges, its cars -- was built on steel. for almost 75 years, the industrial giants which ran american steel played by their own rules. lack of competition made price increases easy, easier than replacing old and inefficient
have been runng maj deficits with japan foyears. good news in terms of getting cheaper goods, bad news in terms of a downward pressure on employment. still, in total, the gains from comparative advantage tend to be so larg that economis, unlike phaps ao workers orexti, are willing to wai r the long-term adjustments to work out. ofourse, if the other country is comting unfaiy, then that is another matter. on the football field, america liin politics,n, before the law, and in business. an even...
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Dec 5, 2013
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from october to novemr on wednesday according to a private payroll who reports and also the us trade deficit shrank as exports the assertion that really now puts the friday jobs numbers of well into focus. so we'll keep track of the hallmark has developed over that not domestically. there's also a focused effort to gain as investors eager to be like keeping a close eye on whether the bank of japan is going to implement further policy action in order to achieve its target of eighteen percent rise in consumer prices a lot of domestic focus as well fight and the dollar remain as we've been on covering still in the one o two yen levels where do we stand exactly this thursday morning. yeah exactly i caught a little bit of fluctuations in t dollar yen during the summer to write up of him to put thirty c to thirty four is the thing come off a little bit from the highest hundred ft points thirty seven on tuesday to these current levels thus traders the cash in on the dollar's recent gains the euro hundred and thirty nine points or one two zero nine euro yen and that remains stuck in a range ahead of
from october to novemr on wednesday according to a private payroll who reports and also the us trade deficit shrank as exports the assertion that really now puts the friday jobs numbers of well into focus. so we'll keep track of the hallmark has developed over that not domestically. there's also a focused effort to gain as investors eager to be like keeping a close eye on whether the bank of japan is going to implement further policy action in order to achieve its target of eighteen percent...
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Dec 9, 2013
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it tells us if the vine is in a deficit or doing fine. >> with this, we can actually save water, which is an important thing. >> especially in california which seems like its been in remember. >> by eliminating water at the right times and by giving water at the right times, we can have those berries grow small. the smaller the berries, the buser the skin to juice ratio is. that means more robust, big, juicy wines. >> innovative technology also fine tunes the work at the crush pad. here, alias programs the optical sorter to choose grapes based upon a specific color. only the right ones. everything else gets dump here we notice the change almost overnight. the wine is only 5 or six days old. fresher, cleaner, more focused. it was we are going to check out a red wine ferm entation. >> what was sorted earlier? >> it looks look luke soup. >> they communicate with alias via wi-fi. >> if it gets too hot t will send me an alarm. fe fermentation team. >> i get a text and phone call. i have them at 2:00 in the morning sometimes. >> even the aging process it is technology. >> this was invented b
it tells us if the vine is in a deficit or doing fine. >> with this, we can actually save water, which is an important thing. >> especially in california which seems like its been in remember. >> by eliminating water at the right times and by giving water at the right times, we can have those berries grow small. the smaller the berries, the buser the skin to juice ratio is. that means more robust, big, juicy wines. >> innovative technology also fine tunes the work at the...
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Dec 10, 2013
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they're looking at significant deficit reduction or whether it will simply be re-shuffling money from the sequester cuts which members of both parties don't like, to cuts they like better. >>> is the doing away with this blunting the effects of the mandatory budget cuts under the sequester, that i gather in different ways in different programs, both parties would actually like to see happen. >> yes, that is the bulk of the deal, tyler. it would lift the caps for defense spending which a lot of republicans, some democrats don't like. and would also lift the caps somewhat on domestic programs. again, they're mostly democrats but also some republicans think that it squeezed the domestic spending too hard. that is the motivation for the deal. as you have a small stakes deal, members with particular constituent pressures under fire in that deal are resisting like members from the washington area who represent a lot of the federal employees whose retirement benefits may be affected. >> yeah, you know, john a lot of businesses and ceos are watching carefully. they're talking about a lot of u
they're looking at significant deficit reduction or whether it will simply be re-shuffling money from the sequester cuts which members of both parties don't like, to cuts they like better. >>> is the doing away with this blunting the effects of the mandatory budget cuts under the sequester, that i gather in different ways in different programs, both parties would actually like to see happen. >> yes, that is the bulk of the deal, tyler. it would lift the caps for defense spending...
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Dec 10, 2013
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there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air travelers over the next 10 years. eight billion of that would go to take care of security. 18 billion would go towards deficit reduction. but airline travelers who take the hit, bill. bill: didn't see that one coming. the president wants to extend unemployment benefits. is that a deal-maker or a deal-breaker? >> it could be a deal-breaker depending how hard the president pushes and how hard democrats push for it in the senate and in the house. at the moment, come january, 1.3 million people who are receiving unemployment benefits now will be cut off. the president wants
there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air...
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Dec 6, 2013
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i would say such policies if we were to continue would lead to greater deficit, which would eventually reduce a nations out the door income slightly below what would occur under current i think we should be focused on how to get people back to work. has is where the house focused. they await consideration at all. back. >> i think the gentleman for his comment. we have an alternative. he will be talking about it in terms of job and education and buting jobs for our people, the fact is there are 1.3 million people who cannot find a job. to say they will incentivize because we continue to give some , there are three people looking for everyone job available. most of those are skill sets the unemployed have not ad. we are for investing in education. we share the view on that. it's not going to be much solace for them and their families to say, we dropped you off the rolls. you won't be able to put money on the table -- to put food on the table because the senate has ot acted. i opposed many of the pieces of but we havemyself, a crisis. that crisis is we have 1.3 million. they said not to p
i would say such policies if we were to continue would lead to greater deficit, which would eventually reduce a nations out the door income slightly below what would occur under current i think we should be focused on how to get people back to work. has is where the house focused. they await consideration at all. back. >> i think the gentleman for his comment. we have an alternative. he will be talking about it in terms of job and education and buting jobs for our people, the fact is...
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Dec 6, 2013
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there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better diagnostics and better therapeutics for these kinds of illnesses. host: this tweet on the issue of mental health -- are there any other significant development being made in other countries? guest: it is a great question. recently, mental disorder research has become global. there is a lot of interest in global mental health, and that is not just from europe and australia. canada and increasingly in other parts of the world. the disorders we're talking about our global and not unique to the developed world. as a result, there have been some very interesting little-resource environme
there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better...
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Dec 9, 2013
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cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt a call sometime on sunday at the coast was well like take on britain. stay with us sunday champion. are you. the years. sure sweetie it. the team he was sixteen this keeps the second set nineteen ski team in each district to its gdp who graciously decided to start we didn't eat by the sea. i don't like effects. it tells its own pc the year. as the week starting ukraine was in the midst of its worst political crisis since the orange revolution almost a decade ago. demonstrators laid siege to government buildings. this issue the debate on the klitschko called for the resignation of president viktor you
cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt...
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Dec 3, 2013
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isn't cutting one penny out of every line item to pay the deficit making sense? isn't lessening our dependence on foreign oil a simple answer? >> i don't think anybody in washington is looking for an answer. there are some, but they are in the minority. in the minority, the great minority in the republican party that are actually looking for answers. the longer we go the more simple but the less easy the answers become. >> we have to take a break. much more with glenn beck after the break. later tonight this father was told that his 18-month-old daughter would not be covered under his family plan and he had to get the toddler insurance. this was new insurance. he's paying more and can't keep his doctor. now he needs two plans for the family. this incredible obama care horror story when we come back. plus we'll check in with ainsley earhardt. she's monitoring health care.gov and facebook tonight for you to see if it is actually fixed straight ahead. >>> welcome back to "hannity." i need you. i feel so alone. but you're not alone. i knew you'd come. like i could st
isn't cutting one penny out of every line item to pay the deficit making sense? isn't lessening our dependence on foreign oil a simple answer? >> i don't think anybody in washington is looking for an answer. there are some, but they are in the minority. in the minority, the great minority in the republican party that are actually looking for answers. the longer we go the more simple but the less easy the answers become. >> we have to take a break. much more with glenn beck after the...
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Dec 4, 2013
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reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage institute. sprang out of hillary care in response to that. so, you know, i think that is in some ways part of the problem. what are you going to offer as your market-based solution to things like climate change when cap and trade is the market-based solution and you've already demonized that. what about when the affordable care act already is that and you have demonized it. i don't think they have anywhere to go to actually solve these problems anymore. >> yeah. i think the operative phrase there being what are you going to offer. >> exactly. >> all right. krystal ball, ja
reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage...
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Dec 4, 2013
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that deficit can compound itself over time. and finally rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or high-priced lobbyists and lawyers to secure policies that tilt the playing field in their family and at everyone else's expense. so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of self-government. this is an issue that we have to tackle. if in fact the majority of americans agree that our number one priority is to restore opportunity and broad-based growth for all americans to question his why ask washington washington -- why his washington consistently failed to act? i think a big reason is the myths that have developed around the issue of inequality. first there is the myth but this is a problem restricted to a small share of predominantly minority people. this isn't a broad based problem or a black problem or hispani
that deficit can compound itself over time. and finally rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or high-priced lobbyists and lawyers to secure policies that tilt the playing field in their family and at everyone else's expense. so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of...
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Dec 2, 2013
12/13
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the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver packages directly to your doorsteps using small unmanned aircraft. the company has unveiled a test video of a small drone with eight propellers carrying merchandise in a little box. the drone is equipped with a gps system. it can carry packageswaring up to 2.3 kill am gras each. the company aims to deliver packages from distribution centers within 30 minutes. ceo jeff bezos says this is no science fiction. he says the service could be technically ready in four to five years. but bezos adds that u.s. aviation authorities will need to drop regulations for unmanned aircraft before such a service could
the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver...
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Dec 4, 2013
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the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx for around $369 a month with premium care maintenance included. ♪ now covergirl trublend chas the perfect blend. for 99% of all women. new shades and a formula that blends in, won't build up for a flawless nude look. trublend from easy breezy beautiful covergirl. >>> if republicans have concrete plans that will actually reduce i
the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪...
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Dec 10, 2013
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resolutions and increasing the debt ceiling, these four suction to start dealing with our long-term debt and deficit. -- do not what i would say is we have the budget control act and if congressman ryan and senator murray cannot come up with some kind of good deal, i hope they at least has a clean continuing resolution. democratic senators voted for it and they should at least free that. i don't want to shut down the government. i don't think any republican does. >> bank of england governor mark carney spoke with charlie rose last night. i it's fair to say and hesitate to comment on other people's politics, but it is widely acknowledged here as well as in central banking circles that a series of decisions on the fiscal side, a series of steps and incentives, kicking the can down the road, but in the worst sense of the word because we have just gone through 2013, another disappointing year as i said in my speech today, with huge fiscal drag, almost two percentage points of gdp. that does not do anything to fix the longer-term fiscal problems, entitlement and others. you have a lot of the pain without
resolutions and increasing the debt ceiling, these four suction to start dealing with our long-term debt and deficit. -- do not what i would say is we have the budget control act and if congressman ryan and senator murray cannot come up with some kind of good deal, i hope they at least has a clean continuing resolution. democratic senators voted for it and they should at least free that. i don't want to shut down the government. i don't think any republican does. >> bank of england...
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Dec 6, 2013
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working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and that's how you win elections. >> he's got to stay on it. the democrats have got to stay on it. i think this is a winning issue. mike, how do you get the republicans to get into this discussion? the president talked about that earlier this week. you know, the big elephant in the room is the other party that obviously has no plan, that obstructs everything. but we have to engage in this discussion. i mean, it would seem to me that people who go to town huh meetings with republican representation just take the vulture chart there. and say what's your remedy for this? what do you have o
working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and...
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Dec 8, 2013
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of ae most likely impact federal deficit is fewer job opportunities. >> hopefully in my lifetime it see for mytter but i children if it continues to go the way is in this world they're going to have it rough. >> the shutdown definitely affected many people in this country. >> if we lose trust or a sense of security -- >> i think the ederal shutdown means that find optimism for america based on the fact that we persevere and keep going. we don't give up and we stick together. i think that will get us through. >> there's a lot of negative news about the country going downhill, but the american spirit is so positive and you can always find the silver lining. it is who we are as people. we can't really focus on anything negative. you know what? that is what gets us through. thank you. those are some of the respondents. lose my job to turn over to nancy cook from "the national journal. >> to forget to his outstanding panel, we want to get some on his participation to get a sense of how people are feeling about some of the poll numbers. we would like to give the audience opportunity to weigh
of ae most likely impact federal deficit is fewer job opportunities. >> hopefully in my lifetime it see for mytter but i children if it continues to go the way is in this world they're going to have it rough. >> the shutdown definitely affected many people in this country. >> if we lose trust or a sense of security -- >> i think the ederal shutdown means that find optimism for america based on the fact that we persevere and keep going. we don't give up and we stick...
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Dec 2, 2013
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and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to greater economic growth. it is time to get back on this again. i think it is one of the most important issues the country faces. it will be interesting to see if democrats and if liberals recognize the fact at some point they have to be responsible in that town and meet the challenge of these deficits. >> you have been fighting it your entire public life. that is exciting. let me ask you. i have been struck since i'm in here by how many people are concerned that the republican party will repeat the same mistake in washington, d.c. that they made over the last several months. you know, the gove
and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to...
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he faced the largest per capita deficit in the country. total debt of about three point $5 billion. he did several terms as mayor of stamford, connecticut, promising to make 2012 the year of education. in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. the governor took the lead in passing one of the nations more dramatic education bills. it was public act -- some of the packages required a new teacher evaluation pilot in which 45% will be based on student learning. the governor's package created a commissioners network similar to the recovery school district. it has the ability to take authority over 25 of the state's lowest performing schools. an increased charter school funding. the figure will go to 11,500 by fiscal 2015. >> it is great to be with you. i appreciate the opportunity to speak about an issue that is very dear to my heart. i like to talk about what really needs to happen in the united states and put it into an appropriate context. we have been at the business of educating on a public
he faced the largest per capita deficit in the country. total debt of about three point $5 billion. he did several terms as mayor of stamford, connecticut, promising to make 2012 the year of education. in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. the governor took the lead in passing one of the nations more dramatic education bills. it was public act -- some of the packages required a new teacher...
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Dec 3, 2013
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inheriting a state with the largest per capita deficit representing 17% of total revenue, and i had to go in a different direction. actually realizing our gap was too big to cut our way out of it. i went on the road and got heat up. someone had to go on -- got beat up. someone had to go on the road. mad atere a lot of evil me. a lot of folks spending a lot of money to try to defeat the organized effort at school reform, even though they supported certain aspect of it. they might carve out a corner they like, but it was a total picture. someone has to have the discussion. someone has to bring the discussion to the community. demonstrate you mean business. we want to work with them, but we need to change direction. -- failing to properly educate the kids. those are some of the largest school district. you cannot succeed when you are doing that. when you look at connecticut demographically as one of the more rapidly aging states, you are throwing away your opportunities. someone had to say that. i felt that was my job as governor. the lieutenant governor was by my side during those times.
inheriting a state with the largest per capita deficit representing 17% of total revenue, and i had to go in a different direction. actually realizing our gap was too big to cut our way out of it. i went on the road and got heat up. someone had to go on -- got beat up. someone had to go on the road. mad atere a lot of evil me. a lot of folks spending a lot of money to try to defeat the organized effort at school reform, even though they supported certain aspect of it. they might carve out a...
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Dec 5, 2013
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way, maybe this thing with take off area >> i think there has been a huge miss focus .n the budget deficit it is really a long-term problem. the key thing you want to do right now is get the economy back on its feet and coming along. you are actually slowing that recovery down. i think it is just misguided policy. we do not expect that to last forever. we are also saying state and local government coming back a little bit more. that may offset the track we're going to get. >> you just mentioned that modesty oh moderate phrase. as you mentioned, the last four days books contain that wording. should we read anything into that? what does it say about the growth expectations going forward? >> we have seen the fed consistently lower their projections. they have been more realistic. anticipating that growth will pick up, the key issue for the fed, and particularly with a new fed chair coming in, janet yellen is going to be preoccupied in this guiding -- and deciding when to taper and how rapidly to taper. more important like, how to communicate detentions to the markets. landly, the asset purcha
way, maybe this thing with take off area >> i think there has been a huge miss focus .n the budget deficit it is really a long-term problem. the key thing you want to do right now is get the economy back on its feet and coming along. you are actually slowing that recovery down. i think it is just misguided policy. we do not expect that to last forever. we are also saying state and local government coming back a little bit more. that may offset the track we're going to get. >> you...
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you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. >>> there are eight, count them, eight legislative days left in the first year of the 113th congress, and it is on pace to be a record breaking one. the least productive congress in the history of the american republic. the first session has passed 52 laws so far, easily making it the least productive first session of any congress in history. it is lowest than the least productive first session that happened to be from the last congr
you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of...
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"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the livi
"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former...
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government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are wondering well how come if this is the case and the federal reserve has increased the money supply by over four trillion dollars in the last four four nam five years why haven't we seen more price inflation and that's because the fed reserve has been playing a game it creates the money into the banking system the banks could lend it to us but the federal reserve has through increasing the money supply manipulated interest rates so low as everybody knows and rather tend to lend the money to us consumers of businessmen at these artificially low interest rates the fed reserve pays these banks a sligh
government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are...
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since 1994, america has accumulated a $10 trillion trade deficit. >> and hats off to leo gerard and the steel workers for fighting those cheater and winning at the international level. keep up the fight. >> all right. gentlemen, great to have you with us tonight. thanks for your time on "the ed show." appreciate it. remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter at ed show and on facebook. we always like to know what you think. >>> coming up, a colorful depiction of tea party senator, ted cruz. >>> plus, conservative media adds fuel to its anti obama care fire. stay with us. [ male announcer ] this duracell truck has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. every day we're working to wand to keep our commitments.s? and we've made a big commitment to america. bp supp
since 1994, america has accumulated a $10 trillion trade deficit. >> and hats off to leo gerard and the steel workers for fighting those cheater and winning at the international level. keep up the fight. >> all right. gentlemen, great to have you with us tonight. thanks for your time on "the ed show." appreciate it. remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter at ed show and on facebook. we always like to know what you...
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the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between hardship and catastrophe. last year alone, it lifted 2.5 million people out of poverty. and cushioned the blow for many more. but here's the thing. if members of congress don't act before they leave on their vacations, 1.3 million americans will lose this lifeline. >> did you hear that? there might have been a little shade there for republicans on the hill. they are giving themselves another long vacation starting friday. on the other hand, some conservatives now say opposing unemployment benefits is their way of helping the unemployed. >> i do support unemployment benefits for the
the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between...
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one is the deficit has been get being smaller. there are fewer of them out there than there were a couple years ago. but there are also, i mean there are a lot of buyers out there, insurance funds, pension fund and don't forget foreign central banks who are trying to control their own currencies. david: there is no concern that there won't be demand there for the bond among fed officials? >> what the fed will tell you there are not, what they're trying to do is lower interest costs for households and companies. they're not trying to make it cheaper for the government to go out and run big deficits. i don't think they're worried about that. cheryl: jon hilsenrath, aka, bruce springsteen. >> thank you very much. how old is bruce these days? i think you don't need to worry. you're a lot younger than because. cheryl: kind of looks like bruce. david: will new york mayor-elect bill de blasio's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in j
one is the deficit has been get being smaller. there are fewer of them out there than there were a couple years ago. but there are also, i mean there are a lot of buyers out there, insurance funds, pension fund and don't forget foreign central banks who are trying to control their own currencies. david: there is no concern that there won't be demand there for the bond among fed officials? >> what the fed will tell you there are not, what they're trying to do is lower interest costs for...
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over $140 billion of the deficit reduction efforts over the last couple of years have come from federal employees. >> and you represent a lot thoefz federal employees, so is that a deal breaker for you? >> absolutely. you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agri businesses that get huge taxpayer subsidies to have a contribution toward the deal. so we should be replacing the sequester. i've had a piece of legislation in to do that for three years. we've tried to get a vote on it and have been denied. but as we do that, you can't take this out on just one segment of individuals. you've got to have equitiy in this. so there are lots of things that are still up in the air as part of this negotiation. >> including unemployment benefits. and i want to play the republican argument from senator rand paul against an extension. here it is. >> a do support unemployment benefits for the 26 weeks that they're paid for. if you extend it beyond that, you do a disservice to these wor
over $140 billion of the deficit reduction efforts over the last couple of years have come from federal employees. >> and you represent a lot thoefz federal employees, so is that a deal breaker for you? >> absolutely. you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agri businesses that get huge taxpayer subsidies to have a contribution toward the deal. so we should be...
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october trade balance is a deficit of 40.6 billion. extremely close to expectations. last month ramped up a bigger red tape from originally released 41.8 to 43 billion. how does 46 fit in? not going to change the recent range. august 38 and change and been as high this year in the 43 area just like the revision last month. it still isn't negative news. foreign exchange is going to be a big gi. japanese will reintroduce a new r generation. watch the currency as we strengthen exports. it's going to be a big issue along with european banks next year. >> thank you rick. see you later buddy. >> see you later joe. >>> the the brightest minds leading to charge the disrupt, innovate, reimagine the way we learn. our next guest gave up tenor. he found google x. thank you for being here today. >> it's great. >> let's talk about how you struck out from stanford on your own to start this project. you were tenor there, had a great gig. you did an experiment in 2011 you put a class online, offered artificial intelligence. who showed up to do that class? >> we sent e-mail this class
october trade balance is a deficit of 40.6 billion. extremely close to expectations. last month ramped up a bigger red tape from originally released 41.8 to 43 billion. how does 46 fit in? not going to change the recent range. august 38 and change and been as high this year in the 43 area just like the revision last month. it still isn't negative news. foreign exchange is going to be a big gi. japanese will reintroduce a new r generation. watch the currency as we strengthen exports. it's going...
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Dec 3, 2013
12/13
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CSPAN2
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no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a crisis of supply, like in other countries in europe. our capacity to consume is not the problem because of the welfare state. what is the problem is our capacity to produce and sell more goods and services in france. so we will be able to get rid of this spiral we are stuck and only if we manage to change. for a long time friends nurse demand by the development of public employment and redistribution. all this was financed by ever-growing taxes. now this cannot function anymore. we have to change it radically and that is exactly the program we are working on and we will have to change that
no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a...
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Dec 5, 2013
12/13
by
BLOOMBERG
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sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you make. if you make 100,000, you are worth 600,000? >> exactly. s&p is up. equities are up. general home price valuations are up. we have been covering a lot of the lost wealth. five years after the financial crisis, we have recovered a lot of the wealth. the dominant theme for spending in 2014. >> that is very good news. we have breaking news i want to share with you on time warner cable. we have reported a number of inle carriers are interested comcast communications. according to bloomberg news, time warner is said to likely accept a share offer between 150 and 1
sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you...